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Residential High-Rise Land Site 990 W Tabor Rd 0.5 Acres of Commercial Land Online Auction Sale Philadelphia, PA 19141
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Investment Highlights
- 990 W Tabor Road consists of a 0.5-acre corner parcel of raw land zoned CMX-2, supporting the development of mixed-use and residential.
- By-right development site within Philadelphia County’s Opportunity Zone, ready for 77 multifamily units; 142,800+ households in the 3-mile radius.
- Greater Philly offers educational/medical institutions, diversified employment, a Northeast Corridor location, & ongoing infrastructure investment.
- Prime location 10 miles north of the Philadelphia Center City, blocks from the La Salle University campus and the Einstein Medical Center.
- Logan, an urban core neighborhood of the city, mixes the energy of a vibrant college atmosphere with a historic, small-town feel.
- Absolute auction | Starting bid $1
Executive Summary
An excellent investment opportunity awaits at 990 W Tabor Road, where 77 proposed units can be built without the need for a zoning variance.
This prime 21,780-square-foot/ 0.5-acre commercial lot, adjacent to Einstein Hospital, the largest independent teaching hospital in Philadelphia, offers a by-right development opportunity, ensuring a streamlined process for potential developers. Benefit from a 10-year tax abatement and capitalize on the property's location within a federal Opportunity Zone, unlocking potential tax incentives for savvy investors. Currently, the region's housing supply is on track to expand by 1.9%.
Positioned amid a robust medical employment hub, with institutions like Einstein Medical Center, Temple University Hospital, and Shriners Hospital for Children nearby, this location promises steady demand from medical professionals and staff. Convenient access to public transportation further enhances the property's appeal, with SEPTA’s Fern Rock Transportation Center just a short walk away. This strategic location ensures easy commuting for future residents, with a mere 20-minute ride to Center City Philadelphia.
Seize the opportunity to develop 77 apartment units on this vacant land, strategically located in the Olney Section of Philadelphia. With CMX-2 zoning in place, new ownership can move forward confidently in creating a thriving residential community near major employment centers. Don't miss out on this exceptional chance to invest in the growth potential of the Tabor Road multifamily development site.
This prime 21,780-square-foot/ 0.5-acre commercial lot, adjacent to Einstein Hospital, the largest independent teaching hospital in Philadelphia, offers a by-right development opportunity, ensuring a streamlined process for potential developers. Benefit from a 10-year tax abatement and capitalize on the property's location within a federal Opportunity Zone, unlocking potential tax incentives for savvy investors. Currently, the region's housing supply is on track to expand by 1.9%.
Positioned amid a robust medical employment hub, with institutions like Einstein Medical Center, Temple University Hospital, and Shriners Hospital for Children nearby, this location promises steady demand from medical professionals and staff. Convenient access to public transportation further enhances the property's appeal, with SEPTA’s Fern Rock Transportation Center just a short walk away. This strategic location ensures easy commuting for future residents, with a mere 20-minute ride to Center City Philadelphia.
Seize the opportunity to develop 77 apartment units on this vacant land, strategically located in the Olney Section of Philadelphia. With CMX-2 zoning in place, new ownership can move forward confidently in creating a thriving residential community near major employment centers. Don't miss out on this exceptional chance to invest in the growth potential of the Tabor Road multifamily development site.
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- Purchase Agreement
Property Facts
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Total Lot Size | 0.50 AC | ||
| Zoning | CMX2 - Commercial and Mixed-Use District | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 0.50 AC |
| Opportunity Zone |
Yes |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | CMX2 - Commercial and Mixed-Use District |
1 Lot Available
Lot
| Lot Size | 0.50 AC | Parcel Number | 885376340 |
| Lot Size | 0.50 AC |
| Parcel Number | 885376340 |
0.5-acre parcel in raw-land condition zoned CMX-2 supporting Commercial/ Mixed-Use development and supported by Opportunity Zone tax incentives.
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Very walkable
80/100
Fairly drivable
50/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Sale Advisor
Sale Advisor
Moshe Adika, Real Estate Agent
Moshe has a keen focus on operational excellence. He sets high internal targets and unsurpassed professional management services.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Pace Zambito
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Broker RB068364. Ten-X Commercial Auction Firm AY002443, Auctioneer Arlene Richardson AU006275
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Residential High-Rise Land Site | 990 W Tabor Rd
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Residential High-Rise Land Site | 990 W Tabor Rd
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